Bertelsmann continues to invest in its strategic growth regions of Brazil, India and China (BIC countries): The portfolio in the three countries, which has been increasingly concentrated on growth businesses over the past few months, will be further expanded. Besides developing existing activities, the main focus will be on investing in media content and the education sector. About 60 executives from Europe, the United States, China, India and Latin America are meeting in Beijing this week to firm up the international media, services and education group’s strategic development in the BIC countries. On this occasion, Thomas Rabe, Chairman and CEO of Bertelsmann, opened the new Bertelsmann Corporate Center offices in China, from where the company’s activities in the country will be coordinated in future. Bertelsmann has holdings in about 70 startups in the three countries through its network of funds. The Bertelsmann Asia investments (BAI) fund alone made a significant contribution to Bertelsmann’s Group net income through gains from asset sales amounting to €55 million during the first half of 2016. click Read More below for additional detail
In response to the devastation caused recently by Hurricanes Harvey, Irma, and Maria, and earthquakes in Mexico, Gap Inc. (NYSE: GPS) and Gap Foundation have increased their total donation to $2 million to address immediate needs and ongoing recovery efforts. The donation includes cash grants from Gap Foundation to on-the-ground relief organizations, donations from Gap Inc. brands towards critical clothing needs, and employee-matched donations.
So far, nearly 100,000 units of clothing have already been delivered to Texas and Florida, with additional clothing donations planned in the coming months. So far, a total of $180,000 has been donated by Gap Inc. employees, which includes company-matched funds.